# Soy, corn tumble on China’s omicron surge – The Seam

> Corn, soybeans and soymeal fell in early trade as speculative selling and falling energy prices hit the complex. Ukraine's spring grain acreage is forecast to drop 39% due to the Russian invasion, limiting fuel and fertilizer access and export capacity.

- Date: 2022-03-15 · published 2022-03-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5493-soy-corn-tumble-on-china-s-omicron-surge-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Ukrainian plantings reduce expected global grain supply later in the year, which is supportive for feed grain prices, though the day's move was driven by energy and speculative selling.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- theseam.com: https://www.theseam.com/soy-corn-tumble-on-chinas-omicron-surge/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.